Payment of the debt or performance of the obligation discharges both the principal debtor and the surety.
Correct Answer:
Verified
Q35: The promise of a surety is binding
Q36: The right of exoneration allows the surety
Q37: The creditor's rights against the principal debtor
Q38: A security interest in consumer goods is
Q39: A primary reason for requiring a surety
Q41: If the surety is a(n) _, then
Q42: Two or more sureties bound for the
Q43: Bill lends Harvey $1,500 and the loan
Q44: Which of the following is true?
A) A
Q45: A bond, which guarantees the performance of
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